Calculators
Calculate recurring deposit maturity value and interest for monthly savings. Runs in your browser on AI Online Tools with clear inputs, instant feedback, a...
Plan your Recurring Deposit investments. Calculate maturity amount, interest earned, and watch your savings grow month by month.
Most banks use quarterly compounding for RDs.
12/5/2026
Total Deposits
₹3,00,000
Interest Earned
₹61,983
Maturity Value
₹3,61,983
A Recurring Deposit (RD) is a disciplined investment tool offered by banks and post offices. It allows you to deposit a fixed amount every month and earn interest at a rate similar to Fixed Deposits. The RD calculator helps you estimate the maturity amount, total interest earned, and plan your savings goals effectively.
Our interactive RD Calculator above provides real-time estimates with monthly deposit adjustments, interest rate changes, and tenure selection. You can also compare quarterly vs monthly compounding. In this detailed guide, we cover everything you need to know about RDs – from formulas to tax implications, benefits, and strategies.
The maturity value of an RD is calculated using the compound interest formula for a series of monthly payments. The standard formula used by banks (with quarterly compounding) is:M = R * [ (1 + r/n)^(n*t) - 1 ] / (1 - (1 + r/n)^(-1/n) )
Where:
Interest earned on RD is fully taxable under “Income from Other Sources”. Banks deduct TDS at 10% if total interest exceeds ₹40,000 per year (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your income is below taxable limit. Also, there is no tax benefit on RD under Section 80C unless it is a tax-saver RD (5-year lock-in).
RD offers guaranteed returns (typically 5.5% to 7.5%) and zero risk. SIP in mutual funds can give higher returns (10-14% historically) but comes with market risk. Choose RD for safety and short-term goals (1-3 years). Choose SIP for long-term wealth creation (5+ years). Our SIP calculator (separate tool) helps compare.
- Goal-based: Suppose you need ₹5 lakhs after 3 years. Adjust monthly deposit until maturity matches your goal.
- Compare banks: Different banks offer different RD rates. Use our calculator to compare.
- Premature withdrawal: Our calculator assumes full tenure. Premature withdrawal usually incurs penalty (0.5-1% lower interest).
- Download report: Save the PDF for your financial records.
Most banks offer 0.50% higher interest rate to senior citizens on RDs as well. For example, if a regular RD gives 7%, a senior citizen gets 7.5%. This can significantly increase maturity amounts over longer tenures.
- Deposit pattern: RD requires monthly deposits; FD requires one lump sum.
- Returns: Both offer similar interest rates.
- Liquidity: RD allows premature closure (with penalty); FD can be broken.
- Suitable for: RD for salaried individuals wanting monthly savings; FD for those with idle lump sum.
Yes, it uses the standard quarterly compounding formula used by most banks. Actual maturity may vary by a few rupees due to rounding or day-count conventions.
Absolutely. Most banks offer RD tenures from 6 months to 10 years.
Banks usually charge a penalty (₹50-100 per missed installment) and may reduce interest rate. Some banks allow revival within a grace period.
Yes, but you may get lower interest (1-2% below the applicable rate) and a penalty.
Click the “Download PDF Report” button. The report captures all charts, inputs, and summary.
The RD Calculator is an essential tool for anyone looking to build a regular savings habit. Whether you are saving for a vacation, emergency fund, or a down payment, our interactive RD Calculator gives you clarity and confidence. Use the sliders, experiment with different scenarios, and download your personalised report.
Start using the RD Calculator above now – watch your savings grow month by month, and take control of your financial future!
Calculate recurring deposit maturity value and interest for monthly savings. Runs in your browser on AI Online Tools with clear inputs, instant feedback, a...
RD Calculator is listed under Calculators so you can find related converters and calculators on the same hub. Everything stays lightweight for everyday tasks—open the tool, complete the job, and move on.
Text-based processing on this clean static page runs in your browser. Do not paste passwords, private keys, access tokens, or confidential customer records into any online tool unless you have reviewed and approved the workflow.
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RD Calculator is a free browser-based utility from AI Online Tools. It is designed to help developers, creators, analysts, students, and business users complete common formatting, conversion, calculation, or cleanup tasks without installing desktop software.
Yes. You can use RD Calculator for free. The page is built to load quickly, work on mobile and desktop, and provide useful copy, reset, and download workflows where they make sense for the tool type.
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RD Calculator is useful for developers, QA engineers, SEO specialists, content teams, finance users, students, support teams, and anyone who needs reliable online utilities without a complex setup.
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